Chicago-based hedge fund, Citadel Investment Group, says that Patrik Edsparr will join the firm in the role of CEO for Citadel Europe.
Edsparr will also lead Citadel's global fixed income business, including securitised products. He will take up his new role in July, heading the London office.
He joins from JP Morgan, where he was a member of the executive committee and global head of rates, FX, securitised products, fixed-income, exotics and hybrids. He also ran the bank's securitised products, proprietary trading and principal investment businesses. A spokesperson at the bank says a replacement has not been named yet.
"As we create opportunities to expand our business on a global scale, our first priority is building high-performance teams and attracting top talent from across the industry," says Kenneth Griffin, CEO and founder of Citadel Investment Group.
"This is an incredible time to be on the frontline of the market with a leading and evolving global franchise," adds Edsparr. "I look forward to joining the team and working together to grow our business in Europe and around the world."
Citadel is one of the world's largest hedge fund operators, with more than $20 billion under management.